FSC Vice Chairman: "Reviewing Second Phase of Virtual Asset Law"
Doohyun Hwang
Summary
- Kim So-young, Vice Chairman of the Financial Services Commission, revealed that they are reviewing the second phase of the virtual asset law.
- They are also reviewing the institutionalization of token securities and fractional investment platforms.
- She stated that with thorough preparation, this could be an opportunity for advancement of the financial industry.
Kim So-young, Vice Chairman of the Financial Services Commission, revealed that they are reviewing the second phase of the virtual asset (cryptocurrency) law.
Kim made this statement during a keynote speech at the seminar on 'Future Changes and Financial Growth Strategies' held at the Federation of Banks building in Jung-gu, Seoul on the 27th.
She said, "We are currently reviewing the institutionalization of token securities and fractional investment platforms, as well as the second phase of the virtual asset law," adding, "If we prepare thoroughly, this could be an opportunity for advancement of the financial industry. Now is the golden time."
Doohyun Hwang
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